Subdued demand conditions remained a feature of the Turkish manufacturing sector midway through the third quarter of the year, according to the Istanbul Chamber of Industry Türkiye Manufacturing Purchasing Managers’ Index (PMI) for August, released on September 2. The headline PMI posted 47.8 in August (anything below the 50.0 threshold signifies contraction). That was up from 47.2 in July but still showed a moderation in the health of manufacturing during the month. Business conditions have softened continuously since April. Challenging market conditions led to a further weakening of new orde…